Wolff Wiese Magana LLC Sells 73 Shares of Workday, Inc. (NASDAQ:WDAY)

Wolff Wiese Magana LLC decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 9.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 663 shares of the software maker’s stock after selling 73 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Workday were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Marcum Wealth LLC raised its position in shares of Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after buying an additional 41 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Workday by 0.9% in the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after purchasing an additional 43 shares during the period. Opal Wealth Advisors LLC boosted its stake in Workday by 5.2% during the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after buying an additional 47 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its holdings in Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the transaction, the insider now owns 121,100 shares of the company’s stock, valued at $30,369,458. The trade was a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 70,090 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $26,215,826.41. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 382,347 shares of company stock worth $99,225,903. Insiders own 20.00% of the company’s stock.

Workday Trading Up 1.6 %

WDAY opened at $249.96 on Wednesday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a market cap of $66.49 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a 50 day simple moving average of $262.75 and a 200 day simple moving average of $246.44.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on WDAY. Oppenheimer reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, December 3rd. Citigroup cut their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research note on Monday, November 25th. Morgan Stanley raised their target price on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their price target on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.